Type I cases can generally be dated by the letter code (or at least grouped by significant characteristics) but with a Type III it's not so simple.
"TO" only tells us that it's 1966 or newer and came equipped with carburetors, which encompasses five different "sub-breeds" of case.
("UO" is `68-up fuel-injected, still four case possibilities)
Generally speaking the significant characteristics - such as alloy, oil-passage and pump stud sizes, single- or dual-relief - are the same as those of a contemporary Type I case. A `66/67 Type III case compares to an ""FO" or "HO" Type I, a `68/`69 to an "H5" (or "B5" from a Type II), a `70 to a "B6", a`71-up w/10mm studs to an "AE", or a `73 w/8mm studs to an "AH"...that's the order of desirability, from lowest to highest, as well - other than the H5/B5 which belong in the scrap barrel.
Because yours has the sunken-stud mod it's probably a `71 or newer dual-relief case and the alloy shouldn't be an issue (should be AS41, look for that cast into the side of the sump). Another good sign is the presence of horizontal ribs cast into the case, like a little washboard, on the angled panel above where a Type I dipstick tube is - those debuted partway into 1971 model-year production
These cases aren't infamous for head stud threads pulling, warping, or cracking like the H5/B5-type were but in deference to their age I still have them inserted, even when building a stocker, as insurance against remorse down the road for trying to save a little money. You don't have to do it, but I strongly recommend it - if you do, be sure to retain the sunken stud and make sure that your drill press bed is level so you don't end up with a "porcupine".
Don't forget the crank/flywheel junction - if you don't 8-dowel, you'll need to possess the restraint to never, ever show off with burnout attempts or even hard launches. Even a relatively mild 1775 is capable of shedding a 4-dowelled flywheel if abused.
Don't over-cam it; with the stock crank you should be shifting by ~5000 RPM so it's pointless to use a cam designed to pull beyond that. Something in the low to mid 230s effective duration (@.050"). Most of these should have entry-level HD singles (Engle W-100 can work with good stock springs). Bugpack 4061-10's a good Bus cam. Don't know if you can still get an Erson E746522 but its 106° LSA enhances low-end torque (doesn't help fuel economy though).
There's a chart at theSamba that you can use to date your engine case by its full number:
http://www.thesamba.com/vw/archives/inf ... berst3.php